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Kazakhstan|business|May 23, 2017 / 03:57 PM
Kazakh energy minister confirms he will be at OPEC meeting in Vienna

AKIPRESS.COM - Kazakhstan's Energy Minister Kanat Bozumbayev said on Tuesday he will attend the meeting of OPEC and non-OPEC oil producers in Vienna this week.

The Vienna meeting is expected to end with major crude exporters' agreeing on extending a global oil production cut, according to reports.

Kazakhstan supports extending the cut, but will need to renegotiate its own production ceiling under the new pact as it expects output at its giant Kashagan field to grow, Bozumbayev said earlier this month.

Kazakhstan joined the current OPEC and non-OPEC pact last November, pledging to keep its output at around 1.7 barrels per day (bpd).

But its offshore Kashagan oilfield, which started commercial production at around the same time, is set to more than double its output later this year to 370,000 bpd.

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